As the leaves begin to change and the days grow shorter, the real estate market in Ada County and Canyon County is also showing signs of transformation. Fall brings a shift in dynamics, and in our latest market report, we'll explore the trends and statistics for this week in both counties.
Let's dive into the numbers and gain a deeper understanding of the current state of the market.
Ada County:
New Listings: Ada County saw a 15% increase in new listings this week, indicating continued activity as we transition into fall.
Average List Price: The average list price in Ada County decreased by 9% to $702,149.
Average Sold Price: Ada County experienced a remarkable 25% increase in the average sold price, reaching $699,235.
Homes Sold: The number of homes sold in Ada County surged by 24% with 168 properties sold.
Active Listings: Ada County's active listings increased significantly by 35%, totaling 1,717 properties.
Pending Listings: Pending listings also showed a 35% increase, with 187 properties awaiting closure.
Inventory: Ada County currently has 2.2 months of inventory, reflecting a balanced market.
Canyon County:
New Listings: Canyon County witnessed a substantial 52% increase in new listings, signaling active market dynamics.
Average List Price: The average list price in Canyon County decreased by 11% to $506,268.
Average Sold Price: Canyon County saw an 11% decrease in the average sold price, amounting to $458,521.
Homes Sold: The number of homes sold in Canyon County increased by 25%, with 104 properties sold.
Active Listings: There was a 9% increase in active listings in Canyon County, totaling 843 properties.
Pending Listings: Pending listings also grew by 8%, with 90 properties in the pipeline.
Inventory: Canyon County currently has 2.0 months of inventory, reflecting a competitive market.
Market Analysis: The Fall season is often associated with a change in the real estate market, and this week's data reflects this transition. While Ada County experienced a surge in both sold prices and sales volume, Canyon County saw an increase in new listings but a decline in average prices. The increase in active and pending listings in both counties indicates robust market activity.
As we step into the Fall season, the real estate market in Ada County and Canyon County continues to evolve. Whether you're buying or selling, understanding these market dynamics is crucial. For personalized guidance and to navigate the changing market with confidence, contact House Of Palmer | Idaho Real Estate. We're here to help you achieve your real estate goals.
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